Deglobalisation: Cracks appear in global strategies

This is the era of supreme capital mobility – in principle. But obstructions to global operations are multiplying

The mantra “go global or go home” once underpinned the business model of every financial services firm or investment strategy worth its salt. Operating in an era in which globalisation meant markets were ever more interlinked, being expansive enabled firms to be all things to all people and benefit from economies of scale.

Yet there are signs those models are being are reassessed - and in some cases reversed - as the idea of a global marketplace is gradually being unstitched.